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Monday, April 03, 2006

Ralph Nader's Open Letter to the New Exxon/Mobil Chairman: Rex Tillerson

 
--Mr. Tillerson:
 
You have to be feeling pretty good about your new position heading the world's largest oil and gas company. You stand astride the globe where, with few exceptions, the Congress is like putty in your hands, the White House is your House and the consuming public is powerless. Governments in the Third World may huff and puff, but Exxon/Mobil pretty much gets its way in dozens of arrangements completed and about to be concluded.
 
Seven years ago, your predecessor, Lee Raymond, took over Exxon's main competitor, Mobil Oil Company, through a merger approved by the misnamed Antitrust Division of the Justice Department. Really, what is left of antitrust standards when the number one and number two companies in an industry are permitted to marry?
 
Profits of your company are beyond your dreams of avarice. Over $36 billion last year, after modest taxes, yet you blithely ignored urgent pleas by members of Congress, especially that of the powerful Chairman, Senator Chuck Grassley (Rep. Iowa) to contribute some significant deductible money to charities which help impoverished American families pay the exorbitant prices for heating oil this past winter. Rarely has there been such a demonstration of corporate greed and insensitivity by a company that has received huge government welfare subsidies, de-regulation and tax expenditures over the years at the expense of the smaller taxpayers of America.
-----

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